Tamdeen Food Company held its Extraordinary General Meeting (EGM) on Monday, December 13, 2021, and passed a resolution to reduce the company’s paid-up capital from KWD 2.75 million to KWD 1.925 million by canceling 8.25 million shares in order to amortize the company’s accumulated losses of KWD 825,000 as of December 31, 2020. Accordingly Article (8) of the Memorandum of Incorporation and Article (5) of its Articles of Association have been amended as follows: The Company’s authorized, issued, and paid-up capital was set at KWD 1.925 million distributed over 19.25 million shares at 100 fils each. All shares are in cash.